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Change - Announcement Of Retirement Of Independent Director
BackApr 18, 2019
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 18, 2019 18:31 |
| Status | New |
| Announcement Sub Title | Retirement of Independent Director |
| Announcement Reference | SG190418OTHR8A89 |
| Submitted By (Co./ Ind. Name) | Lai Kuan Loong, Victor |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Retirement of Independent Director |
| Additional Details | |
| Name Of Person | Lee Soo Hoon, Phillip |
| Age | 76 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 18/04/2019 |
| Detailed Reason (s) for cessation | As part of the Board renewal process, Mr Lee Soo Hoon, Phillip retired as a Director at the conclusion of the Annual General Meeting ("AGM") of the Company held on 18 April 2019 and he did not seek for re-election. Consequent thereto, Mr Lee also ceased to be the Chairman of the Audit and Risk Committee and a member of the Nominating Committee. |
| Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? | No |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? | No |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| Date of Appointment to current position | 22/01/1999 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 6 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Chairman of Audit and Risk Committee and Member of Nominating Committee |
| Role and responsibilities | Independent Director |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Direct Interest - 450,000 shares |
| Past (for the last 5 years) | - Transcorp Holdings Limited - Heatec Jietong Holdings Limited - IPC Corporation Limited |
| Present | - G K Goh Holdings Limited - Estate & Trust Agencies (1972) Limited - LMIRT Management Limited - Kluang Rubber Company (Malaya) Berhad - Sungei Began Rubber Company (Malaya) Berhad - Kuchai Development Berhad |
